While we don’t know what will eventually come out of Congress, one thing is for sure: It is better to have a plan and not need it than to arrive at January 1 with no plan for dealing with a new reality that promises to confuse donors and discourage charitable giving to our organizations.
Tax reform legislation has been introduced in the House of Representatives with potentially significant implications for the not-for-profit sector.
On this April 15 many Americans are thinking about taxes. I too am thinking about taxes and how taxes and the proposed changes in tax law will impact the landscape of charitable giving. It has been proposed that the charitable deduction of gifts by individuals with adjusted gross incomes above $200,000 be capped at 28%,Read More The Tax Man Cometh